Finding a mortgage is no easy task whether you are planning to buy a home or refinancing to help pay off your creditors. This article will illustrate the major considerations when it comes to finding a mortgage that is suitable to you. A borrower when shopping for a mortgage should not only consider the principal amount, interest rate, amortization and the payment frequency that best fits a borrower’s needs but understand that a mortgage is a legal contract between the borrower and lender. It provides a loan secured against the borrower’s property. As such, there are different mortgage types which ...
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